3000 E Spruce Street, Seattle, WA

3000 E Spruce Street, Seattle, WA, USA

Not rated from 0 reviews

0/5

0% of guests recommend

Diện tích đất

1500 m²

Location

Washington

Description

The Lago Apartments is a prime investment opportunity in Seattle's sought-after Leschi neighborhood. Built in 1963, this well-maintained property features six updated two-bedroom units, some with Lake Washington views, and significant exterior improvements, including refreshed landscaping, updated paint, and a new roof coating. With scheduled rent increases in 2025 and potential for further interior enhancements, Lago Apartments offers investors a value-add opportunity to align rents with market rates. Current cap rate of 5.42% and a 6.47% cap rate on August 1st, with scheduled rent increases in place. Located near Leschi Park and just 10 minutes from downtown Seattle, this property combines serene neighborhood charm with urban convenience. Schedule a Private Showing